2012-05-02 10:40:57 Basic Element companies expand partnership with Norinco
Oleg Deripaska, CEO of Basic Element and UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR) and President of En+ Group, and Zhang Guoqing, President of China North Industries Corporation, signed a framework agreement on strategic cooperation providing for the joint implementation of ...
2012-05-02 10:03:00 Mechel receives lenders’ approval on waivers and amendments to credit facilities
Mechel, one of the leading Russian mining and metals companies, announces completion of talks with lenders resulting in waivers and amendments to certain major credit facilities.
On March 29, 2012, Mechel entered talks with over 25 leading international and Russian banks regarding some ...
2012-04-28 10:26:20 Results of Norilsk Nickel Board of Directors meeting
Norilsk Nickel held the scheduled in-person meeting of the Board of Directors, during which the following key resolutions were approved.
The Board of Directors decided to convene the AGM on June 29, 2012. The list of persons eligible to participate in the AGM shall be drafted as of May ...
2012-04-28 10:09:30 Mechel reports 1Q 2012 operational results
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q 2012 operational results.
Production and sales for 1Q 2012
Production:
Product name ...
2012-04-27 10:44:20 Joint venture of UC RUSAL and NORINCO started operations
UC RUSAL, the world’s largest aluminium producer, and China North Industries Corporation (NORINCO) are pleased to announce the operations start of North United Aluminium (NUA, the former Shenzhen North Investments) — the Shenzhen-based joint venture of RUSAL and NORINCO, ...
2012-04-27 10:41:12 Globaltrans to acquire 100% of Metalloinvesttrans for USD 540M from Metalloinvest
First large scale M&A transaction between an independent private freight rail group and a large natural resources company in Russia
Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the ...
2012-04-26 10:24:09 Norilsk Nickel proceeds with implementation of “Chita project”
Norilsk Nickel announces the commissioning of two substations (Bystrinskaya and Bugdainskaya) 110/35/10 kilowatt this April. The substations shall provide sufficient electric energy to Bystrinsk and Bugdainsk mining and processing integrated works (hereinafter referred to as GOKs) ...
2012-04-26 10:19:43 Publication of Evraz audited 2011 annual report and accounts
Further to the preliminary announcement of its results for the year ended 31 December 2011, EVRAZ plc announces that it has today published its 2011 Annual Report and Accounts (the “2011 Annual Report”) for the same period.
The 2011 Annual Report is now available to view or ...
2012-04-25 12:11:55 Russian stainless steel import will drop in March
According to estimation of SpetsStal experts, Russian imports of basic types of stainless steel products in March 2012 will drop 2.3% to 18872t as compared to February including flats -6.5%, wires – 1.8%, seamless tubes -16.5%, and electric welded tubes -19.5%. However, long products ...
2012-04-25 10:01:00 Norilsk Nickel continues cooperation with reserves
Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) announces the results of cooperation programs with state nature reserves located in the territories of the Company’s operations.
MMC Norilsk Nickel devotes much attention to the environment protection. ...
2012-04-24 10:06:57 Organizational changes within the structure and management of EVRAZ
EVRAZ announces organizational changes in the Company’s management. In order to improve and intensify management of the key product groups the Company decided to establish a separate Division for Railway Products within EVRAZ to deal with production and sales as well as product ...
2012-04-24 10:04:16 Mechel reports implementation of long-term partnership agreement with BelAZ
Mechel, one of the leading Russian mining and metals companies, reports acquiring 15 BelAZ mining dump trucks as part of a long-term partnership agreement signed by Mechel OAO and BelAZ OAO on November 28, 2011, during the session of the Supreme State Council of the Union State of Russia and ...
2012-04-23 10:05:28 EVRAZ U.S.$600 million note issue – prospectus approval
The following prospectus was approved today by the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000:
Prospectus dated 20 April 2012 relating to the U.S.$600,000,000 7.40% Notes due 2017 issued by Evraz Group S.A. ...
2012-04-23 10:02:42 MMK posted Board of Directors resolutions
MMK announces that a meeting of the MMK Board of Directors was held on April 20, 2012. Resolutions passed by the Board are specified below.
The Board issued a recommendation for the MMK Annual General Shareholder Meeting (AGM) to consider approving the Board-nominated Company Auditor. ...
2012-04-20 16:03:50 Severstal reports Q4 and FY 2011 financial results
Severstal one of the world’s leading vertically integrated steel and mining companies, today announces its Q4 and FY2011 financial results.
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2011
$million, unless ...
2012-04-20 10:08:15 NLMK trading update for Q1 2012
NLMK, the LSE-listed leading Russian steel producer, announces the following regular trading update for Q1 2012.
OVERVIEW
The Group's steel output increased 14% q-o-q to 3.6 million t, which corresponds to over 90% utilisation rate, as the new BF-7 at Novolipetsk (NLMK’s main ...
2012-04-19 10:20:46 Norilsk Nickel informs about the results of international tender on sulphur utilization
Norilsk Nickel communicates the results of the international tender posted by the Company with the objective to decrease SO2 emissions, as part of the program aimed at gradual decrease of air emissions of Company’s metallurgical production facilities located in Norilsk (Polar Division ...
2012-04-19 10:17:27 EVRAZ priced U.S.$600 million Note Issue
Evraz. has priced a five year U.S.$600 million note at a coupon rate of 7.40% per annum. The notes will be issued by Evraz Group S.A.
The closing and settlement is expected to be completed on 24 April 2012.
Evraz Group S.A. intends to use the net proceeds of the issue to refinance ...
2012-04-18 00:48:41 Rusal appointment new commercial director
UC Rusal announced the appointment of Evgeny Ovchinnikov as Commercial Director of UC Rusal.
Evgeny Ovchinnikov has been working for UC Rusal for over ten years, since April 2010 as the Director of By-products Sales Department in Commercial Directorate of Rusal.
As Commercial ...
2012-04-18 00:41:52 Danieli to build plant in Russia
Italian Danieli Group plans to build an engineering plant worth 50 millio Euro in Russia. It will be located on the outskirts of Dzerzhinsk, the Nizhny Novgorod region.
The plant should be launched by May 2013. The facilities will include up to 40,000 sqm of workshops, providing a total ...
2012-04-17 10:15:58 Norilsk Nickel doubles the funding allocated to improvement of workpalce social conveniences program
Norilsk Nickel plans to allocate RUB 628 mil. in 2012 towards improvement of workplace social conveniences program, which is more than twice the amount allocated in 2011 (RUB 276 mil.).
The program has been functioning at the Group’s subsidiaries for several years and constitutes ...
2012-04-17 10:07:46 Mechel announces prolongation of VTB Bank credit facilities
Mechel, one of the leading Russian mining and metals companies, announces the extension of credit facilities totalling 13.6 billion rubles (approximately 462 million US dollars*) previously obtained from VTB Bank for Mechel’s enterprises.
Subsidiaries of Mechel Mining, which is ...
2012-04-16 10:22:44 MMK filed appeal with Arbitration Court of Chelyabinsk Region to challenge injunction relief order
MMK announces that MMK filed an appeal with Arbitration Court of Chelyabinsk Region to challenge the injunction relief order issued by the court in support of the legal action brought in by MMK’s minority shareholder Elena Egorova.
On April 2, 2012 MMK was notified that a minority ...
2012-04-16 10:12:00 TMK ships new casing for Zarubezhneft to Latin America
TMK, one of the world's leading producers of tubular products for the oil and gas industry, ships a new type of casing with TMK PF premium connections to Russian state-owned oil company Zarubezhneft.
The high-strength casing of the special High Collapse series (resistant to external ...
2012-04-13 10:28:35 Color coating line No. 2 at the Cherepovets Steel Mill reaches design capacity
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its steel production unit, the Cherepovets Steel Mill achieved the design capacity of its second color-coating line (CCL-2) with annual production capacity of 200 ...
2012-04-12 10:22:01 Results of Severstal extraordinary General Meeting
As announced on 29 February 2012, Severstal’s Board of Directors passed a resolution to convene an EGM to approve the cancellation of 170 million Severstal shares through the legal procedure of a public cash tender offer (the "Offer"), as required by the Russian JSC law. For ...
2012-04-12 10:20:43 MMK obtains approval for two more joint implementation projects under the Kyoto Protocol
Russian Economic Development Minister Elvira Nabiullina signed off on a list of projects that qualify for implementation under Article 6 of the Kyoto Protocol, including two projects being run by Magnitogorsk Iron and Steel Works:
MMK is introducing electric arc furnace (EAF) production ...
2012-04-11 10:14:22 Severstal completes transaction to consolidate 100% ownership of Severstal Liberia Iron Ore Ltd.
OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, today announces it has completed the transaction to acquire the remaining 38.5% minority interest in Severstal Liberia Iron Ore Ltd. (“SLIO”) – a British Virgin ...
2012-04-11 10:13:08 Notice of NLMK AGM and Dividend recommendation
NLMK, a leading Russian steel company, today announces the results of the meeting of the Board of Directors. The Board has approved the AGM agenda and recommended dividends for FY2011.
AGM agenda
Board of Directors took the decision to hold the Annual General Shareholders' Meeting on 30 ...
2012-04-10 10:27:48 Norilsk Nickel: environmental protection activities of the Polar division in 2011
Norilsk Nickel announces the results of environmental protection activities carried out by the Company’s Polar Division in 2011.
In order to protect the environment, MMC Norilsk Nickel upgrades its existing production facilities, introduces new technologies and implements ...
2012-04-10 10:18:59 Severstal is approved to receive financing under Kyoto Protocol
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its environmental projects that enabled the company to cut greenhouse gas emissions by 4.7 million tons in 2008 through 2012 have been approved by the Ministry of ...
2012-04-09 10:23:44 VSMPO and Boeing Extend Long Term Supply Agreement
VSMPO – AVISMA Corporation (VSMPO) announced that it has agreed with The Boeing Company (Boeing) on an amendment of their existing long term contract for titanium mill products, providing for a three year extension of the contract term through the end of December, 2018.
Under the ...
2012-04-09 10:15:35 TMK tubing with premium connections receives ISO 13679 CAL IV certification
TMK, one of the world's leading producers of tubular products for the oil and gas industry, has successfully conducted certification of tubing with TMK PF premium connections in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international ...
2012-04-06 10:29:33 Severstal increases deliveries to international automakers
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, following its updated development strategy that envisages, among other things, ramping up sales of added-value products, steps up deliveries of rolled metal products for international ...
2012-04-06 10:27:48 Mechel closed books on placement of stock bonds at total sum of 15bn rubles
Mechel, one of the leading Russian mining and metals companies, announces the successful closure of the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds.
On April 4, 2012 Mechel closed the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 ...
2012-04-05 10:18:15 Results of meeting of Board of Directors of MMC Norilsk Nickel
The regular in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel took place. The following resolutions were adopted.
The Board of Directors approved the list of nominees proposed for voting at the Annual General Meeting of MMC Norilsk Nickel by shareholders owing not ...
2012-04-05 10:15:41 Severstal receives US$360M outstanding debt repayment from Nordgold
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, has received a debt repayment of US$360 million from Nord Gold N.V. (“Nordgold”) (LSE: NORD).
This repayment completes all debt arrangements between Severstal and ...
2012-04-05 10:13:20 Mechel receives Russia-Korea Business Award in Best Corporation Category
Mechel, one of the leading Russian mining and metals companies, announces winning Russia-Korea Business Awards’ Best Corporation nomination.
The award ceremony was held on April 3, 2012, in Seoul. The ceremony was attended by Russian Federation’s Deputy Minister for Economic ...
2012-04-04 10:25:57 RUSAL to receive refund of EU anti-dumping duties
RUSAL, the world’s largest aluminium producer, announces that the European Commission has considered legitimate RUSAL’s claim for a refund of anti-dumping duties paid in 2008 on imports of silicon metal from Russia to the EU by the Company’s silicon producers, SKU LLC and ...
2012-04-04 10:20:56 EVRAZ Announces Preliminary Unaudited Financial Results for 2011
EVRAZ announces its preliminary unaudited financial results for the year ended 31 December 2011.
2011 Highlights:
Financials:
Consolidated revenue US$16,400 million (+22% vs. 2010)
Consolidated adjusted EBITDA US$2,898 million (+23%)
Net profit US$453 million (-4%) ...
2012-04-03 10:33:20 Severstal North America debuts its new culvert mobile application
Severstal North America introduced its new Culvert mobile application. The app is an innovative, easy-to-use tool designed to help corrugated steel pipe (CSP) professionals work faster and smarter. It is now available for Apple iOS and Android devices.
Developed in conjunction with the ...
2012-04-02 10:38:36 MMC Norilsk Nickel precedes developing territories of its presents
MMC Norilsk Nickel is summing up the results of its participation in the long-term target program of Krasnoyarsk Territory on relocation of citizens of Norilsk and Dudinka to more favorable regions of the country.
The program in line with the postulates fixed in the Quadripartite ...
2012-04-02 10:35:41 The most powerful excavator in Russia launched by IZ-KARTEKS
Krasnobrodskiy coal strip mine successfully launched operations on its new EKG-32R excavator, produced by IZ-Karteks, which enters OMZ Group.
EKG-32R has bucket capacity of 32 cubic meters and weighs 950 tonnes and is the most powerful “face power shovel”-type in the history ...